This article is for Operators only.
Transaction rules can vary from an account to the other. It'll affect how you create transactions as the amount per transaction can be limited as well as the possible list of allowed recipients. Additionally, a different approval workflow can be implemented.
To find out which rules have been defined in an account, go to Accounts > Account dashboard > and open the Rules section.
SegWit addresses are currently not supported.
- The parent Ethereum account must be credited to allow paying the gas fees of ERC20 transactions.
- You can only create one transaction at a time. The first transaction must be broadcasted before you can create a new one. You'll be prevented from creating a transaction if one is already pending.
- You're required to hold a minimum balance of 20XRP at all time. You'll be prevented from creating a transaction if your account's total balance falls below that amount.
Transactions below 20XRP sent to inactive Ripple accounts aren't permitted by the network and will fail.
In Bitcoin and Bitcoin-like blockchains, transactions are made of inputs and outputs:
- The output represents the amount sent to the recipient, and
- The input is the change that goes back in your wallet and that can be reused in another transaction.
Example: You would like to make an $8 transaction but you only have a $10 bill. You'll use this bill to pay and receive $2 in change.
UTXOs are therefore the collection of all the change (or input) that exist in the account and which, added together, equals to the total balance.
When consolidating UTXOs, you aggregate the value of multiple UTXOs into one. You can see this as exchanging coins for a bill. This allows you to send larger amounts creating transactions and enables you to save money if you consolidate when network fees are low.
You can consolidate up to 100 UTXOs at a time by creating a transaction to yourself. UTXOs which have the smallest amounts will be selected. However, UTXOs which value falls below 546 satoshis are too small to be consolidated and will be ignored.
If your account contains over 100 UTXOs you'll be required to perform the consolidation multiple times. For more information, see Consolidate UTXOs.
The consolidation is always performed on the index 0 address of the account, that is the first-ever generated address in your account.
If the account for which you want to consolidate UTXOs uses whitelists only, make sure an Administrator either adds the address index 0 of that account to one the whitelists or creates a separate rule for this address. This is to ensure you can consolidate UTXOs in the account.
When creating a transaction you can select which UTXOs should be used among these three options:
- Merge outputs: To select UTXOs which have the lowest amounts. This strategy is used by default.
- Optimize size: To select UTXOs which have the highest amounts.
- Deep outputs first: To select UTXOs which have the highest amount of confirmations on the blockchain.